Don’t let medical bills break your employees’ retirement savings

Published 2 Min Read

Medical bills can threaten to break the bank in retirement, but employers can ensure their workforce is prepared for unexpected expenses by encouraging HSA participation.

The average cost of medical bills during retirement runs between $140,000 to $190,000, according to the 2020 Global Benefits Attitudes Survey by Willis Towers Watson. Future retirees can’t expect Medicare to cover all those expenses; much of it will come out-of-pocket.

Kayla Webster
Freelance writer

Kayla Webster is a freelance writer based in New York City.


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form